JINHUA, China, July 01, 2026 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the “Company” or “Kandi”) (NASDAQGS:KNDI), a global innovator in intelligent equipment and a technology-driven platform company, today announced that Hangzhou Xinchu New Energy Technology Co., Ltd. (“Xinchu”), which the Company has contracted to acquire 51% of the equity interests, has been named an authorized distributor by Schneider Electric IT (China) Co., Ltd. (“Schneider Electric”) for fiscal year 2026. The authorization enables Xinchu to distribute and support Schneider Electric’s APC, MGE, and Schneider-branded portfolio, including uninterruptible power supply (UPS) systems, cooling infrastructure, racks and cabinets, software, and related technical services. It also strengthens Xinchu’s ability to deliver integrated power infrastructure solutions for data centers, telecommunications base stations, and energy storage systems.
Read more at globenewswire.comKandi Technologies’ Subsidiary Xinchu New Energy Named Authorized Distributor of Schneider Electric
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